@pro_grammer@programming.dev to Technology@lemmy.worldEnglish • 10 months agoTexas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energyfortune.comexternal-linkmessage-square167fedilinkarrow-up1732arrow-down112
arrow-up1720arrow-down1external-linkTexas power prices briefly soar 1,600% as a spring heat wave is expected to drive record demand for energyfortune.com@pro_grammer@programming.dev to Technology@lemmy.worldEnglish • 10 months agomessage-square167fedilink
minus-square@profdc9@lemmy.worldlinkfedilinkEnglish48•10 months agoThis is Enron-scale manipulation. Someone’s ripping off the public and making a mint with the help of the regulators.
minus-square@ramble81@lemm.eelinkfedilinkEnglish31•10 months agoJerry Jones, yeah same one that owns the Cowboys, made almost $1B off the price hikes durning the big freeze that almost crippled the grid.
minus-square@TexMexBazooka@lemm.eelinkfedilinkEnglish8•edit-210 months agoThe vast majority of Texans are on contracted plans and pay a consistent price per kilowatt. That doesn’t mean prices won’t skyrocket when that contract renews though
This is Enron-scale manipulation. Someone’s ripping off the public and making a mint with the help of the regulators.
Jerry Jones, yeah same one that owns the Cowboys, made almost $1B off the price hikes durning the big freeze that almost crippled the grid.
The vast majority of Texans are on contracted plans and pay a consistent price per kilowatt.
That doesn’t mean prices won’t skyrocket when that contract renews though